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Stock Market & Financial Investment News

News Breaks
January 10, 2014
18:04 EDTQSIIQuality Systems sees Q3 EPS, revenue below estimates
Q3 EPS consensus 22c, revenue consensus $114.98M. Quality Systems announced that based on a preliminary review of its financial results, the company’s Q3 results will be below analysts’ consensus expectations for revenues and earnings per share. Impacting the results were several factors, including: lower-than-anticipated results from the Hospital Solutions Division; a reduction in capitalized software development costs; and, increased amortization of capitalized software development costs relating to the release of NextGen Ambulatory EHR version 5.8 and 8.3, which occurred during the quarter. Any impairment charge related to the long-lived assets of the Hospital Solutions Division could also adversely impact Q3 results. The company said that while it has not yet determined the amount of the charge, the long-term assets within the Hospital Solutions Division that are under impairment review have an aggregate net book value of approximately $30M. Shares of Quality Systems are down $2.04, or 9.74%, to $18.90 in after hours trade following the news.
News For QSII From The Last 14 Days
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April 23, 2014
10:01 EDTQSIIOn The Fly: Analyst Downgrade Summary
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06:22 EDTQSIIQuality Systems downgraded to Underweight from Equal Weight at Morgan Stanley
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April 15, 2014
10:00 EDTQSIIOn The Fly: Analyst Upgrade Summary
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April 14, 2014
17:12 EDTQSIIQuality Systems reinstated with a Market Perform at Raymond James
Raymond James reinstated coverage of Quality Systems with a Market Perform rating, up from its previous rating of Underperform.

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